MIAMI, May 26 /PRNewswire-USNewswire/ -- The Association of Certified Anti-Money Laundering Specialists (ACAMS) today announced that it has signed an agreement with Fudan University in Shanghai to jointly provide anti-money laundering (AML) training throughout mainland China.

The partnership will address the strong need for educating and training AML professionals in China.

AML is a relatively new focus in China, where laws addressing money laundering were enacted in 2006. But, according to an Anti-Money Laundering Report published by China's bank regulator, the People's Bank of China, there are approximately 190,000 professionals working in the AML field within China's banking, insurance and securities sectors. Most of these AML professionals are new to the field.

Shi Lei, an economics professor at Fudan University, said, "The cooperation is part of China's efforts to strengthen anti-money laundering checks and monitor banks, securities and insurance companies to safeguard financial security."

Together, ACAMS and Fudan University will provide a range of training including basic AML courses focused on China's regulatory requirements, and the study of global standards and leading practices in fighting money laundering and terrorist financing. The global standards course will culminate in students sitting the exam to qualify for ACAMS's Certified Anti-Money Laundering (CAMS) designation. In conjunction with the newly established partnership with ACAMS, Fudan University has created an academic program, the Center for Anti-Money Laundering Studies, through which it is considering the launch of degree and graduate programs in AML.

"We're very excited to partner with such a prestigious university as Fudan to bring AML training to mainland China," said Ted Weissberg, Group Executive at ACAMS. "ACAMS's presence in Asia has been growing very quickly over the past two years, and we expect this agreement will accelerate that growth dramatically."

About the Association of Certified Anti-Money Laundering Specialists

ACAMS is an international membership organization dedicated to enhancing the knowledge and skills of AML professionals around the globe. It serves as a uniquely valuable resource for more than 10,000 members in 130 countries, promoting year-round support to develop and sharpen the skills required for superior job performance and career advancement.

About Fudan University

Fudan University, established in 1905, is a prestigious institution in Shanghai, People's Republic of China. Fudan has over 45,000 students and 2,400 faculty members, spread over four different campuses. It is especially renowned in the areas of physical sciences, humanities, social sciences, and medicine.

SOURCE Association of Certified Anti-Money Laundering Specialists

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